If you're feeling tied down by your financial obligations following divorce, you are not alone. Many realize their financial commitments following the end of a troubled marriage only marry them to another problem relationship, with debt!  

Worried you won't have money for retirement after your divorce?  Or perhaps you negotiated a good settlement and/or have investments for your golden years and just seek a little icing on your IRA or 401(k) cake

 

Best Automatic Savings Apps to make saving easy!

As part of the 2023 DMK Budget Series, our editors put together a list of the best savings apps available for easier savings success! Select the savings app that is easy to use, suited to your goals and with features that apply to the saving's part of your budget. Many are free!

Keep your budget top-of-mind with a planner or app that's right for you. Your apps will keep your everyday spending on track and help with automatic savings options. Depending on the planner you choose, many help organize your bills, accounts & receipts. They're an unhackable place to store account numbers and passwords to prevent hackers from accessing sensitive data.

 

Budgeting apps to make your budget a success

As part of the 2023 DMK Budget Series, our editors put together a list popular apps available to make budgeting easy and successful.  Select an app that's easy to use, suited to your goals and with features that apply to your specific needs.  Many are free! 

According to Magnify Money's 2017 Divorce and Debt Survey, 21% of respondents regarded financial problems as the cause of their divorce.  But, if couples who are suffering from marriage problems think that divorce is going to solve their problems, the survey quickly debunks their theory.

Taking advantage of a new low rate credit card and save big money over the next year!  Transfer your balances from high rate cards (some fees may apply) or make large purchases without the added high interest from typical credit cards.  Now, the only question is what card to choose?

The process of divorce is complicated and the laws regarding the division of assets are specific to each state.  While some states allow the division of assets like trusts (gifts or inheritance), most states do not.  

 

We didn't think about money while on our last vacation or cry about it when we attended our daughter's wedding.  We weren’t nervous at all about money when our kid was accepted into his first-choice school, which happened to be a private university...in Zurich!

Why?  Because these are the reasons we saved our money and shouldn't be the times we’re thinking about having enough.   But, what about when things don't go as planned?

The divorce is final.  The settlement is completed, and you have your portion of the assets, property and debts.  Hopefully, you had good representation that provided you guidance regarding what to keep, sell, divide or surrender.  In many ways, the challenging part of the allocation is behind you.